Authored by Ryan McMaken via Mises Canada,
Columbus Day this year brought with it the usual acrimony, and this Salon article hit the usual talking points by declaring European settlement of the Americas to be “the most massive act of genocide” in world history.
Salon quotes historian David Stannard who writes:
After German Chancellor Angela Merkel admitted late last year that she had “lost control” of Germany’s refugee crisis after adopting an “open door” policy that fueled an unprecedented spike in crime, her weakened ruling coalition announced Monday that it would seek to impose new restrictions on the number of refugees admitted to the country.
Germany famously admitted nearly one million refugees from Syria, Libya, Afghanistan and other war zones in 2015, a five-fold increase over the previous year.
After it publicized former Fox News host Bill O'Reilly’s history of harassing female colleagues earlier this year, prompting Fox to dismiss the longtime primetime host, the New York Times claimed the scalp of another powerful media titan last week when it published a bombshell story exposing Harvey Weinstein’s lurid history of sexual harassment and coercion. After the story was published, Weinstein’s career crumbled as he quickly became persona non grata in an industry that he had dominated for nearly 30 years. Lawyers and advisers denounced him.
Last week, the US Treasury Department issued its second of four reports related to President Trump’s Executive Order 13772 (on regulation in alignment with the Core Principles). The first report was on Banking, this report is on the Capital Markets, and other reports will follow over the coming months (including on asset management, insurance, products, vehicles, non-bank financial institutions, financial technology, financial innovation, and others).
In the traditionally quiet post-payrolls week, attention will focus on the US CPI report, retail sales and FOMC minutes as well as the Catalonia vote and Eurozone industrial production. Separately, we have UK construction, Chinese PMIs, Japanese BoP and inflation in the Scandies.
A breakdown of the key events this week from BofA: